By Bob Schwartz, CRS, GRI, San Diego real estate
broker
�2007
Broker For You
All rights reserved.
Choosing to move into a home is more than just getting on the right spot. More
critical than any part of the real estate business are the investments and
finances that are a part of the process. If you are looking at any type of
property, you will want to invest some of your time becoming familiar with the
financial choices that are open to you.
The fundamental set of terms you will want to familiarize yourself with is with
loans. There are several types of loans and arrangements of loans that are
available to you. Be wary, however, because you can end up paying more than you
want or need to with certain types of investments. You will want to know how the
loans are divided, unerringly what you will be making payments on, and how this
will affect your investment in the real estate.
After this, you will want to look into your own finances in order to see how
they will balance with the loans. If you have other loans, such as car loans or
student loans, it is important to factor them into what you will be paying with
your home loan. You will also want to asses things such as your credit report
and your financial plan. Your financial history and your present situation makes
a large difference in what you are able to pay on a property.
If you aren't finding something that fits perfectly, it will simply be a matter
of changing the rules a tiny bit. Although you will mostly be looking at the
ways you will be spending money and how this will change your lifestyle, you can
also investigate ways to deduct the money back off of your investment. There are
options for deductions off of taxes and investment deals to help you, for
example, if you need to cut back expenses for a while.
More than being able to pay thousands of dollars every month is the assurance
you have gotten into the right deal. Understanding and appraising your situation
to see how it will fit into a loan plan will make a significant difference in
the type of investment you make. Before placing your money somewhere else, you
should always make sure that it is a place meaningful to you.
ABOUT THE AUTHOR
Bob Schwartz, is a Certified Residential Specialist, CA licensed real estate
broker with www.Brokerforyou.com. Bob
has over 27 years of residential real estate experience, authored a number of
published articles and served as an expert witness for
San Diego legal firms. You can contact Bob via
e-mail at brokerforyou@gmail.com or visit his highly popular
San Diego real estate website at:
http://www.brokerforyou.com
This work is protected under copyright and may not be published in other works without express written permission
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